Paypal brings Fest to distant locations

Paypal brings Fest to distant locations

ISTANBUL - Hürriyet Daily News

Stores are able to increase their turnover by up to 50 percent via Paypal. DAILY NEWS photo, Emrah GÜREL

Paypal, the international payment portal, is bringing the Istanbul Shopping Fest (ISF) to destinations outside of Istanbul.

“We have nearly 110 million users. We let all of our users know about the Istanbul Shopping Fest. Shoppers from Van to England are benefiting from discounts at the Istanbul Shopping Fest,” Kıvanç Onan, PayPal’s Turkey director, told daily Sabah.

Stores boost turnover with Paypal

Some stores were even able to increase their turnover by 50 percent by using Paypal, said Onan, adding that some 20 percent of member retailers’ sales were conducted via PayPal’s Online Shopping Platform under the ISF website.

Onan said Paypal was partnered with over 2,000 websites and 1.5 million individual customers in Turkey.
Paypal comprises 18 percent of the world’s e-trade market and has a yearly turnover of $106 billion.
“E-trade will provide a huge advantage for the Istanbul Shopping Fest” said Onan.
LATEST NEWS

  1. Syria's territorial integrity 'non-negotiable,' Fidan says

  2. Crimean Tatar official named as Ukraine’s ambassador to Ankara

  3. CHP's Özel urges 'fair burden sharing' in migration crisis

  4. Trade Ministry eases border procedures for returning Syrians

  5. Parliament approves 2025 budget after weeks of talks
Recommended

Türkiye to receive larger foreign capital: Chamber head

Local textile industry facing challenges in export markets

Turkish Airlines hopes to bring more tourists from Chile

Credit card payments increase 78 percent in November

Central Bank expected to cut key interest rate this week

Trump threatens to take back control of Panama Canal

Sri Lanka’s Dissanayake to pay visit to key lender China
WORLD

Syria's territorial integrity 'non-negotiable,' Fidan says

Türkiye’s Foreign Minister, Hakan Fidan, emphasized on Dec. 22 that Syria’s territorial integrity is “non-negotiable” and reiterated there is no place for the PKK/YPG terror group in the country.
ECONOMY

Türkiye to receive larger foreign capital: Chamber head

Türkiye is expected to receive larger foreign capital and resource inflows next year as its economy becomes increasingly more stable and incentives investors, according to Erdal Bahçıvan, chairman of the board of directors of the Istanbul Chamber of Industry (İSO).

SPORTS

Fenerbahçe in tatters after Athletic loss

Fenerbahçe headed into turbulent times after a home loss in the Europa League against Athletic Bilbao on Dec. 11 night added to the club’s wounds and sparked fan protests.